I sincerely believe that it is far more beneficial and far less costly to help a child build confidence than it is to fix an adult who has little or none.

Stop digging debt ditches

by imconfident on April 11, 2015

We live in a society that promotes spending. Everywhere you look, someone is offering products and services that are sure to make you a better person. Or do they? How many of those products and services gave you lasting happiness? And how many caused you to dig a deeper ditch that put you in deeper debt?

Spending money can be fun. Buying clothes, enjoying a nice meal or taking a vacation are great. But what happens when you overspend and find yourself in trouble?

“The American consumer is facing dire financial straits……..As a people we have forgotten how to delay pleasure”. These words are found in a book by Dave Ramsey, a man who knows what it’s like to have it all and lose it all. He was a millionaire by age 26 and lost it all by age 30 due to many foolish decisions about money. In his books, he tries to help people get debt-free using tough but successful methods that have worked for him. He promotes having Financial Peace, which is the name of one of his best-selling books.

We have to stop digging debt ditches and pay cash for things we want. That shiny new car, expensive wardrobe or must-have vacation should be something to save towards instead of paying on credit and enjoying it right now. When you get to the bottom of your ditch and there isn’t anywhere else to go, does that new item still look good? Not likely. I’ve already been to the bottom of my ditch and I wish I had made better choices.

Buy what you need and save for want you want. Remember, your wants are not the same as your needs. Plan for a vacation or those expensive ‘toys’ that you want and then start saving. Believe me, you will get much more satisfaction and joy when you pay cash and don’t have all the bills coming in.